Rate Payers Could See Eversource Reduction

posted by John Baibak -

Eversource says it wants to dial down a rate increase in light of a recently passed federal tax reform.

A spokesperson says the utility will save tens of millions in dollars from a lowered corporate tax rate, but it wants to allow customers to receive the benefits.

Following the new tax law signed by President Trump last month, Massachusetts Attorney General Maura Healey called on the state to reverse Eversource's recently approved rate hike and instead lower customer rates.